Int Chain AMA Recap
CryptoDiffer team
Hello, everyone!
We are glad to meet here
Freddy Yin (@FreddyYin), Head of INT Chain China
Freddy Yin
Head of INT Chain China
Hey nice to meet you. So glad to be here.
CryptoDiffer team
Q1: Can you introduce yourself to the community? What is your background and how did you join INT Chain?
Freddy Yin
Head of INT Chain China
Okay, I am Freddy Yin. Having engineering backgroud. I built some IoT suites before:), I started my own business several years ago:) We think blockchain can make some different in IoT industry，so we started to investigate that, we have colleagues from Huawei and big IT companies in China.
CryptoDiffer team
Q2: Can you briefly describe what is INT Chain in 3-5 sentences? What technology stands behind INT Chain and why it’s better than the existing one?
Freddy Yin
Head of INT Chain China
Yes, INT Chain started in 2017, to brief introduce INT Chain: INT Chain is the world’s first bottom-up new-generation blockchain of things (BoT) communication standard and base application platform. Its ecosystem is specifically designed for easy integration with any IoT protocol. To both improve and encourage device interconnectivity, INT Chain has built an economy driven ecosystem by providing token-incentives through a decentralized TCP/IP based architecture of IoT. This new business model, molded by IoT devices, will support an entirely new ecosystem of the Internet of Things.
Behinde INT Chain, we create double chain architecture, to make that more scable and flexiable to the IoT industry, by implement zero knowledge proof and BPK to greatly protect the privacy of Users. But as I told to the team, technology is not the only staff that make a difference, we also need to focus on the real application and scenarios. So we make several pilot project with many partners. like e surfing blockchain router. and etc., done:)
Cryptodiffer Community
Let’s move on to the best questions picked by the INT Chain team from twitter. Here is the first one:
Q1: Recently INT Chain announced a technical cooperation with IOST. What actually led to this collaboration and what solution will both parties jointly provide from this collaboration in the future? I’m certain it’s gonna be huge a success
by twitter.com/olakunle_jamiu
Freddy Yin
Head of INT Chain China
Yes, it is our original intention to promote the implementation of the blockchain scene.
IOST is a good partner. The reason why IOST cooperates with us is that we have deep knowledge in the field of IoT blockchain. The two sides will start technical exchanges, integrate and promote the technologies of both sides, and develop a blockchain solution with stronger scalability.
At the same time, an important goal of INT Chain in 2020, we will continue to contact more new partners, we believe that technology of INT Chain will be promoted to more platforms and partners in the future.
Cryptodiffer Community
Q2: Please mister Yin, can you tell us more about the project promotion after the mainnet 4.0 and the github code release? Thank you
by twitter.com/Doc_H1
Freddy Yin
Head of INT Chain China
After the mainnet 4.0 and the github code released, we will develop the project from the following points:
1. Continuously promote the developer community. We will create all kinds of documents, videos and demos to serve developers, and organize developers online and offline activities, so that more developers can join our Dapp development.
2. Cooperate with technical parties and universities in the field of blockchain. We can expect more partners this year.
Cryptodiffer Community
Q3: May we have more details regarding your cooperation with Huawei ?
by twitter.com/InFamouS_SniP
Freddy Yin
Head of INT Chain China
We have had in-depth communication with Huawei engineers, and also discussed the application of Huawei cloud and blockchain. We hope that INT Chain will have good achievements in promoting applications in the future.
Cryptodiffer Community
the next one:
Q4: Do you have plan for BURN INT Token to increase its value? and What is the INT Token Utility in the ecosystem?
by twitter.com/MesumKadal
Freddy Yin
Head of INT Chain China
Regarding burn INT, we will burn 37 million mainnet token in March. This result was determined by voting on the INT referendum system, showing the will of the entire community.
INT’s token utility is used to coordinate resource exchange between nodes and heterogeneous links (different nodes may form independent internal chains). As the IoT public chain, we will use different side chains based on different industries and applications.
Cryptodiffer Community
and the last question from Twitter:
Q5: So far a lot of blockchain solutions for IoT and Automotive industries had failed. What is you strength to pull this ambitious goal through towards success?
by twitter.com/AntropovMezon
Freddy Yin
Head of INT Chain China
This is a good question. The reason why most solutions fail is that the solutions do not match the actual requirements and do not adapt to the real use case.
As an IoT blockchain project, INT Chain will also face the same difficulties. The reason why we have the confidence and strength to solve this problem is that since the establishment of the INT Chain project, “use-case-driven” is the core principle of the INT Chain project. We have Esurfing Blockchain Router, and Hubei Engineering and Construction and China. Telecom, ZTE’s pilot projects, etc. done:)
Cryptodiffer Community
How the IPBFT consensus does work? And what wil is the TPS per chain with it?
Can the INT compete with existing tokens? What’s the main advantages of INT that will have a positive impact on the crypto industry?
Freddy Yin
Head of INT Chain China
IPBFT is a INT invented consensus algorithm, the verification node will increased to 100, The VRF function will be added. and many punishment mechanism and rewarding mechanism will added. and the TPS will increase from 2000 to 4000.
Cryptodiffer Community
Can you tell us the motivation and benefits for investors to hold #INT token long term? What plans do you have to help drive demand and scarcity for the token ?
Freddy Yin
Head of INT Chain China
As I told frequently to the team INT Chain always focus on the application. 1, In the perspective of IoT industry, we are a publich blockchain for IoT. We will adding more and more sub-industries of IoT in our ecosystem. Like we already incubated ROAD – a IoV Project. So we are building a big image for the future. 2, In the utility of Tokns. We are improving the token economy, to make token consumption in our real sences in the real life, this will definately increase the value and scarity of INT.
Cryptodiffer Community
For now, Coronavirus is still spreading throughout China and many companies are closing their businesses. How can we be sure that the performance of your project will not be affected by this flu and how can we ensure your business runs smoothly?
Freddy Yin
Head of INT Chain China
First our business is using backup solution which is robust and secure, like our cloud service we bought are global cloud service, alibaba cloud, AWS, Huawei cloud. So we never put all eggs in one place. Second coronavirus in China is under control now, and most of our colleagues are backing in office, we will try our best to build better solution and tech to user anc customers. And the cooperation of blockchain solution we still incontact online, once the coronavirus is over we can start very fast:)
Cryptodiffer Community
Through learning, we know that INTChain’s assembly partner for mainland China is Zhirong. And it’s easy to see that Zhirong is cooperating with major Chinees companies like Huawei and China Telecom. Among them is also the cloud of Alibaba. Is Alibaba also interested in INTChain?
Freddy Yin
Head of INT Chain China
You are so briliant to find this information. Must be very deeply investigate our project. Alibaba blockchain mainly for Ant financial, we have deep communication with blockchain experts from Ant financial. And as we know duing IoT field, alibaba cloud is also a big player in the market, we also put much effort on this especially in TEE. trustworthy excution enviroment.
Cryptodiffer Community
What relation INTchain and ROAD? How does this project help each other?
Freddy Yin
Head of INT Chain China
INT Chain invested ROAD and provide much support, we consider that IoV industry is one of the most widely application in blockchain, it’s a big vector industry in IoT industry. And we are also keep an eye on new industries, to invest more sub-industries to foster the ecosystem. We are very welcome for new partners for our ecosystem.
Cryptodiffer Community
1) How can INTCHAIN technology help me store and monetize my data?
2) How does the INTCHAIN platform use the IoT tool to verify that the information used is not falsified?
Freddy Yin
Head of INT Chain China
First for monetizeing data, we and our partners will develop data exchange marketplace to help customer and enterprise to trade for data. Regarding your second question, first we will implement IoT device with TEE (trustworth execution enviroment) that the data directly uploaded without anyone can temper the data. second we use many oracle services to help with us, like we already have Chainlike as one of our oracle servide provider.
Freddy Yin
Head of INT Chain China
Thank you for community members, because of time is limited. I choose these questions to answer. We will collect as many questions asked in this group and prepare a doc to us to let us understand more about INT Chain:)
Cryptodiffer TEAM
Thanks for your time Freddy Yin (@FreddyYin)
Let’s finish the ama!!!
It was a pleasure to conduct an AMA with INT Chain !!!
